PRESTIGE ESTATES - Swing Trade - 25th February #stocks

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PRESTIGE ESTATES (1D TF) - Swing Trade Analysis given on 25th Feb, 2024

Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Retest & Consolidation - Done ✓

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Note
Keep a Watch

- Stock is showing strength in a weak market
- Again at our Demand/Support Zone

#PRESTIGE #traderyte
Note
PRESTIGE ESTATES Update (as on 1st April, 2024)

✓ 4% Stop Loss Hit in just 1 Trading Sessions
First Entry was taken on 28th Feb
- However, the very next day our SL of 4% was hit
- Exited immediately due to the huge sell off candle on the 29th Feb

✓ 10.5% today in just 2 Trading Sessions
Re-Entry Analysis
- The trendline was extended and the stock respected the trendline
- Did not take entry at the trendline, but waited for the breakout of our previous Demand Zone marked for a COP (Change of Polarity)

✓ Hence, overall 6.5% till date
- TSL is On

* Disclaimer
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